Banks are the sunrise sector of Indian Economy. Banking is the fastest growing sector in the country with unlimited job opportunities. Government and private sector are trying hard to provide banking facilities in all corners of India and especially in the rural and undeveloped areas. As this sector is growing day by day, they need manpower and that’s the reason why there is a lot more to do in banking.
In today’s life, we are dependent on technologies to ease our work. For example, net banking, cheque transfer is very comfortable nowadays in comparison to old days, when we must stand in a queue for our turn. digital banking services are somehow saving our precious time and making our easy and tension free. It plays a very important role in everyday life. Banking is like a backbone of the country it is very helpful in promoting the economy of the country. Banking has wide job opportunities every year and easiness of trade and commerce function.
The recruitment in the banking sector is followed by three levels of exams:
Bank Probationary Officer (PO): This is one of the influencing positions in a bank. After 1 to 2 years of training, candidates are designated as Assistant Managers (AM) and Deputy Managers (DM). Starting Salary as a Bank PO ranges from Rs. 30K - Rs. 40K depending upon the bank to bank and location of posting.
Bank Clerks: This is the entry-level job in a clerical position in the bank. Salary of a Bank Clerk is generally in the range of Rs. 20K-25K depending on the bank to bank and posting location.
Specialist Officers (SO): Banks also hire candidates for specialist profiles like – IT Officer, HR Officer, Marketing Officer, Finance Officer, Law Officer, Agriculture Officer etc. The starting salary of Specialist Officer is Rs 30K - Rs 40K.
Every year, government banks recruit more than 1,00,000 candidates for several positions. So, if you want to join the government sector, banking is the most lucrative sector to grab a government job.